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Trader des cryptos avec Revolut : bonne idée ou erreur de débutant ?
Comme beaucoup, j’ai commencé mon aventure crypto avec Revolut. L’app est simple, fluide, et donne accès à plus de 200 cryptomonnaies. Pratique, non ?
Mais très vite, les failles sont apparues :
🚫 Je ne peux pas gérer mes propres clés 🚫 Impossible de connecter des outils ou stratégies automatisées 🚫 Les frais sont plus élevés que je ne le pensais 🚫 Et certaines cryptos... ne peuvent même pas être retirées !
🧩 Résultat : une solution bien trop limitée quand on veut aller plus loin qu’un simple achat ponctuel.
C’est là que j’ai trouvé Treu Vaultix — une vraie plateforme d’investissement crypto conçue pour les utilisateurs sérieux :
🔹 Contrôle total sur mes actifs 🔹 Sécurité renforcée avec portefeuilles froids 🔹 Trading intelligent avec bots et API 🔹 Aucune mauvaise surprise sur les frais
💡 Si vous en avez marre des solutions trop simples et que vous voulez une plateforme pensée pour votre croissance crypto, regardez du côté de Treu Vaultix.
Vous méritez mieux qu’un bouton “Acheter” sans contrôle.
#cryptomonnaies#cryptoSuisse#tradingcrypto#investissementscrypto#TreuVaultix#plateformepourtrader#revolutcrypto#cryptosécurisée#cryptobot#automatisationcrypto#débutantcrypto#cryptofacile#traderindépendant#blockchainfrance
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CryptoFacilities Bot vs CoinTech2U : A Deep Dive into Their Features!
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CryptoFacilities Bot vs CoinTech2U : A Deep Dive into Their Features!
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South American Exchange Cryptofacil and Bittrex Come Together to Foster Crypto Ecosystem
South American Exchange Cryptofacil and Bittrex Come Together to Foster Crypto Ecosystem
Bittrex, one of the premier crypto exchanges in the U.S. has joined forces with Cryptofacil, a South American digital asset trading platform in a bid to provide an efficient and secure crypto ecosystem in South America (LATAM) and the Caribbean. According to a press release published on...
https://btcmanager.com/south-american-exchange-cryptofacil-and-bittrex-come-together-to-foster-crypto-ecosystem/?utm_source=Tumblr&utm_medium=socialpush&utm_campaign=SNAP
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Expanse Partners with Cryptofacil for Exchange Listing
Expanse Partners with Cryptofacil for Exchange��Listing
WASHINGTON, NC – The Expanse.Tech™ Project today announced a partnership with Cryptofacil, the largest cryptocurrency exchange based in Latin America. Cryptofacil launched in early March 2019 using cutting-edge trading platform technology from one of the global leaders in the Blockchain industry, Bittrex.
“Cryptofacil currently lists over 260 digital currencies,” said Andres Szafran,…
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DGB ‘s Chief Marketing Officer; Rudy Bouwman: DigiByte is now listed on Cryptofacil (powered by Bittrex), with 4 pairs: BTC, ETH, USD and USDT. Register now at cryptofacil.com and get free trades until March 31st, using invitecode: DGBFREETRADES
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Four Big Acquisitions by $4 Billion Crypto Giant Shows Market Isn’t That Bad Afterall
Crypto markets are in the doldrums at the moment, just as they were this time last year. A $10 billion dump on the week looks bad in the short term but things may not be that negative overall. One of the largest players in the industry has been on a shopping spree this year.
Crypto Giant Goes Shopping
Bear markets will shake out the weak hands leaving only the strongest left. 2018 was a clear example of that and the latter half of this year is turning into a case of Déjà vu.
Crypto exchanges profit both ways through trading commissions, spreads and associated fees so they can afford to scoop up smaller outfits when the digital chips are down.
Kraken is one of the world’s top crypto exchanges with a reported daily volume of almost $150 million according to CoinGecko. Earlier this year the exchange was seeking valuation at $4 billion as reported by NewsBTC at the time.
The San Francisco based exchange recently announced that it acquiring Circle Trade, one of the most recognized over the counter trading desks in the industry.
This will enable the existing OTC desk to expand into Asian markets, adding 20 new professionals to the team.
Crypto research firm TokenData noted that this was the fourth major acquisition this year by the 2011 founded exchange.
1/ Kraken's acquisition of Circle Trade is @jespow 's 4th acquisition of the year after Crypto Facilities (Feb), Cryptofinance (Jul), and Cryptofacilities (Jul). https://t.co/M1q3CTUiO3
— TokenData (@TokenData) December 17, 2019
Crypto derivatives trading platform and index provider, Crypto Facilities, was acquired in February this year for a cool $100 million as reported by Reuters.
In July the firm announced that it had bought Interchange, an accounting, reconciliation and reporting service provider that offers an ‘institutional-grade’ service.
The acquisition provided institutional investors more advanced tools to monitor and report their crypto portfolios.
Kraken has been on a crypto buying spree and has largely ignored market movements. It started back before the bubble in 2017 and has acquired a number of industry related companies.
M&A Numbers Climbing
TokenData research reveals that there have been 350 acquisitions involving crypto and blockchain companies since 2013.
Mergers and acquisitions peaked in 2018 with 160 deals following the ICO boom that sent cryptocurrencies to their all-time highs.
This year the research firm estimates there will be 90-100 deals done and activity appears to be correlated with market sentiment.
The findings added that an estimate for the total deal value since 2013 was $4 billion. Around $2.8 billion of mergers and acquisition activity occurred in 2018 and roughly $700 million in 2019.
The figures show that things are really not that bad in the crypto industry, despite another market mauling by the bears this week.
Image from Shutterstock
The post Four Big Acquisitions by $4 Billion Crypto Giant Shows Market Isn’t That Bad Afterall appeared first on NewsBTC.
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Four Big Acquisitions by $4 Billion Crypto Giant Shows Market Isn’t That Bad Afterall
Crypto markets are in the doldrums at the moment, just as they were this time last year. A $10 billion dump on the week looks bad in the short term but things may not be that negative overall. One of the largest players in the industry has been on a shopping spree this year.
Crypto Giant Goes Shopping
Bear markets will shake out the weak hands leaving only the strongest left. 2018 was a clear example of that and the latter half of this year is turning into a case of Déjà vu.
Crypto exchanges profit both ways through trading commissions, spreads and associated fees so they can afford to scoop up smaller outfits when the digital chips are down.
Kraken is one of the world’s top crypto exchanges with a reported daily volume of almost $150 million according to CoinGecko. Earlier this year the exchange was seeking valuation at $4 billion as reported by NewsBTC at the time.
The San Francisco based exchange recently announced that it acquiring Circle Trade, one of the most recognized over the counter trading desks in the industry.
This will enable the existing OTC desk to expand into Asian markets, adding 20 new professionals to the team.
Crypto research firm TokenData noted that this was the fourth major acquisition this year by the 2011 founded exchange.
1/ Kraken's acquisition of Circle Trade is @jespow 's 4th acquisition of the year after Crypto Facilities (Feb), Cryptofinance (Jul), and Cryptofacilities (Jul). https://t.co/M1q3CTUiO3
— TokenData (@TokenData) December 17, 2019
Crypto derivatives trading platform and index provider, Crypto Facilities, was acquired in February this year for a cool $100 million as reported by Reuters.
In July the firm announced that it had bought Interchange, an accounting, reconciliation and reporting service provider that offers an ‘institutional-grade’ service.
The acquisition provided institutional investors more advanced tools to monitor and report their crypto portfolios.
Kraken has been on a crypto buying spree and has largely ignored market movements. It started back before the bubble in 2017 and has acquired a number of industry related companies.
M&A Numbers Climbing
TokenData research reveals that there have been 350 acquisitions involving crypto and blockchain companies since 2013.
Mergers and acquisitions peaked in 2018 with 160 deals following the ICO boom that sent cryptocurrencies to their all-time highs.
This year the research firm estimates there will be 90-100 deals done and activity appears to be correlated with market sentiment.
The findings added that an estimate for the total deal value since 2013 was $4 billion. Around $2.8 billion of mergers and acquisition activity occurred in 2018 and roughly $700 million in 2019.
The figures show that things are really not that bad in the crypto industry, despite another market mauling by the bears this week.
Image from Shutterstock
The post Four Big Acquisitions by $4 Billion Crypto Giant Shows Market Isn’t That Bad Afterall appeared first on NewsBTC.
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В сентябре OKEX стала крупнейшей биржей крипто-деривативов
https://crypto-hunter.info/v-sentjabre-okex-stala-krupnejshej-birzhej-kripto-derivativov/
В сентябре OKEX стала крупнейшей биржей крипто-деривативов
Лидирующая криптовалютная биржа OKEx была главной биржей криптовалют в сентябре, общая сумма торгов составила 90,3 млрд долларов. Хуоби последовала его примеру, торгуя $ 84 млрд.
Согласно « Обзору биржи» CryptoCompare за сентябрь 2019 года , крипто-торговая платформа составляла 33,7% от ежедневных объемов деривативов, торгуя $ 3,08 млрд в день. За OKEx стояла Huobi с 2,82 млрд долларов в день, затем BitMEX с 1,88 млрд долларов.
Биржи криптовалюты, такие как Deribit и CryptoFacilities, регулируемые FCA, достигли только 334 млн. Долларов и 74 млн. Долларов в день соответственно.
В отчете отмечается, что самым продаваемым производным продуктом по объему торгов являлся бессрочный фьючерсный контракт на BTC от BitMEX, поскольку общий объем торгов за месяц составил 41,7 млрд долларов. Другими наиболее продаваемыми продуктами были фьючерсные контракты BTC, срок действия которых истекает 27 сентября, при этом контракт Huobi оценивается в 23,3 млрд долларов, в то время как в OKEx торгует 17,4 млрд долларов.
Преимущество OKEx в отношении производных криптовалюты, вероятно, связано с предложением. На бирже криптовалют есть различные фьючерсные контракты — не только для BTC, но и для других топовых криптовалют, таких как BCH, BSV, EOS, XRP и TRX.
Аналогичным образом, криптовалютная биржа, которая ранее объявила в этом году о разработке глобальных стандартов соответствия для криптовалютных бирж через саморегулируемую организацию (SRO), предлагает бессрочные свопы для этих криптовалют.
Как сообщал CryptoGlobe, отчет CryptoCompare за август нашел аналогичные результаты, когда дело дошло до OKEx. Несмотря на падение рынка торговли деривативами в масштабах всего рынка, бирже криптовалют в августе удалось захватить более трети рынка.
Обзор биржи CryptoCompare за сентябрь 2019 года также показал, что биржи криптовалют с более низким рейтингом — в соответствии с рейтингами биржевых тестов — завоевывают рыночную долю по объему спотовых объемов.
Согласно отчету, биржи с рейтингом «Е» представляли общий объем торгов в сентябре 179 миллиардов долларов, после увеличения более чем на 30% по сравнению с предыдущим месяцем. Биржи, такие как OKEx, получившая рейтинг А, представляли меньшую часть пирога, имея только 14,3% доли рынка.
Читайте наши обзоры бирж
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Latin America’s Cryptofacil Crypto Exchange Lists BTT On Its Platform | TheCryptoNetwork.Co #bittrex #btt #cryptoexchanges #cryptocurrencies #cryptocurrency #thecryptonetwork
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Playfair Capital, the U.K.-based seed firm, announces $32M second fund
Playfair Capital, the U.K. seed investor, has raised a new $32 million fund to continue investing in promising early-stage tech startups.
The VC firm, founded by in 2013 by Federico Pirzio-Biroli, who is fund II’s sole LP, is an early investor in the likes of Stripe, Ravelin, Thought Machine, CryptoFacilities and Mapillary.
Pirzio-Biroli recently re-located to Kenya, but will still act as Chairman of Playfair Capital . Day-to-day, the fund will be managed by Chris Smith, who recently joined as a Partner. He’s been an active angel investor for over ten years, and is taking over management duties from Georgia Taylor Foster, who is said to have resigned after five years with the fund for health reasons.
Smith previously worked for fast growing B2B telecommunications company Plan.com, where he held senior roles including Sales Director, Head of Tech/BI and Head of Product Development. His has made 14 angel investments across the U.K. and U.S., and counts three exits to date: Nearbuy Systems (acquired by RetailNext), along with publicly listed MoPowered and Bidstack. Prior to that, he worked in the City in various roles.
To date, Playfair Capital says it has backed over 50 founding teams, and plans to invest the new $32 million fund over the next three to five years. The firm is targeting early-stage companies across all sectors, with a particular focus on deep tech — e.g. artificial intelligence, machine learning and computer vision — and B2B SaaS and marketplaces, which have traditionally been areas of strength for Playfair.
Its initial cheque size is typically $500,000, although I��m told that the Playfair team like to engage with founders at the earliest stages of a startup’s journey, including occasionally investing smaller amounts at the pre-seed stage. I expect that approach is reflected in a number of household names backed out of the firm’s first smaller fund.
Adds Pirzio-Biroli in a statement: “I’m delighted to be announcing Chris’s hire and the launch of Playfair’s Fund II. Our new investment team has great hands-on experience with startups and a track record of backing founders early and enthusiastically. The U.K. has proved a rich hunting ground for Playfair Capital, providing 80 percent of our current portfolio. With the new fund we will seek out startups that use deep tech and data to create a defensible proposition that has longevity. We are hugely excited about opportunities in the deep tech, SaaS and marketplace segments where we have already demonstrated success”.
Meanwhile, Smith will work with Joe Thornton, who has been with Playfair Capital for almost four years, and Henrik Wetter-Sanchez, who joins as an associate from Bank of America Merrill Lynch. Thornton joined Playfair in early 2015, having worked at Google and Facebook. For the last three years, he has been Playfair’s Head of Talent. He’s continue to support portfolio companies with recruitment but will also be sourcing and leading Playfair investments.
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Bittrex Yeni Yılda Başarısını Devam Ettirecek mi ?
Bittrex'in Ortakları ve Listeleri
Geçen yıl Bittrex, küresel bir izleyici kitlesinin ihtiyaçlarını karşılamak için Bittrex International'ı yarattı. Bittrex Teknolojisi, Kanada'daki yeni bir dijital varlık platformu olan CatalX'e güç sağlamak için ve aynı zamanda dünyanın ilk çevrilebilir ilk madeni para satışını başlattıklarında Palladium tarafından kullanıldı. Bittrex 2018 incelemesinde şunları söyledi: “ Ortaklığımızı genişleterek ve Blockchain'in dünya çapında çığır açan çözümler sunma yeteneğini geliştirerek, blok zinciri devrimindeki küresel lider rolümüzü güçlendirmeye devam ettik. ” Bittrex ayrıca dijital bir varlık platformu başlatmak için Cryptofacil ile dijital menkul kıymet alım satım platformunda Rialto alım satımı, Cryptofacil ile dijital bir varlık platformu başlatmak için International CryptoX ile ve Güney Afrika odaklı bir dijital ortamda VALR ile kripto para birimi alım satım ortaklığı yaptı. varlık ticareti platformu. Tüm bu ortaklar, Bittrex'in teknolojisini ve kripto alım satım sektöründeki deneyimini, yeni işletmeler kurmak için kullanıyorlar. Bittrex ayrıca platformunda 50'si Bittrex.com'a, 8'i Bittrex International'a eklenen 58 yeni coin listeledi . Artık platformlarında listelenen önemli blok zinciri ve kripto projeleri arasında Sirin Labs (SRN), 0x Protokolü (ZRX), Tron (TRX), LOOM Ağı (LOOM), Enjin (ENJ), Paxos Standart Token (PAX), Bitcoin SV (SV) bulunmaktadır. ), PundiX (NPXS), IOST (IOST) ve Zilliqa (ZIL).
Fiat Ticaret Rollout ve Uyum
Mayıs ayı sonlarında, döviz müşterileri için ABD Doları (USD) ticareti yaptı. 2018 sonunda, 30'dan fazla ABD devletine uluslararası piyasalardan uygun müşterilerle birlikte fiat pazarlar sağlanıyordu . Platformun şimdi USD için 15 belirteçli pazarı var ve bu yıl yenilerini eklemesi bekleniyor. Blockchain projeleri için tam uyumlu ve güvenli bir ortam yaratma konusundaki desteğini yineledi ve yıl boyunca uygun politika belirlemeye itmek için düzenleyicilerle proaktif olarak bağlantı kurmasını ekledi. Borsadaki baş strateji sorumlusu Kiran Raj, sektördeki düzenlemeleri ve politika inisiyatiflerini teşvik etmek amacıyla Rep. Warren Davidson tarafından düzenlenen “ Kripto para birimleri için Yasama Belgesi ” konusuna katıldı . Read the full article
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Bittrex to Launch Caribbean and Latin American Crypto Exchange
The US-based exchange Bittrex has announced a partnership with Cryptofacil, a new cryptocurrency trading platform designed to accommodate citizens in Latin America and the Caribbean. The company explains the new exchange will be powered by Bittrex and offer customers in those regions accessibility to over 200 digital assets.
Also read: Proof-of-Stake is a Rebranded Version of the Old Financial System
US Exchange Bittrex Is Launching a New Exchange That Tends to Latin American and Caribbean Citizens
The North American cryptocurrency trading platform Bittrex is expanding its operations by entering a new partnership with a financial tech company called Cryptofacil. Bittrex has detailed it will be launching an exchange with Cryptofacil that will allow Latin American and Caribbean residents the ability to trade over 200 cryptocurrencies. At the moment the companies are offering a pre-registration period for interested traders. Cryptofacil’s co-founder, Andres Szafran, says the team plans to leverage the Bittrex trading platform’s experience and token review process.
“We developed Cryptofacil to focus on basic customer requirements: a simple and easy to use cryptocurrency platform with superior customer support and value-added services in a safe and secure environment,” explains Szafran. “Our goal is to become the crypto exchange of record and the most reputable platform in Latin America and the Caribbean.”
A Focus on Driving Worldwide Cryptocurrency Adoption
Bittrex CEO Bill Shihara says the Cryptofacil team based in Uruguay has a deep knowledge of the Latin American and Caribbean markets. The partnership provides Bittrex with the opportunity to offer these residents access to a broad selection of cryptocurrency assets and the company believes it’s reputation will help bolster the goal. The partnership with Cryptofacil “will further drive worldwide adoption,” Shihara detailed during the announcement.
Shihara emphasized:
As we continue expanding our global footprint, it is partnerships like this one that will serve to not only support the blockchain industry, but also to incubate innovative projects using this revolutionary technology.
In Latin America and the Caribbean, much of the population is unbanked and estimates believe over 400 million people do not have access to basic financial services. The new Cryptofacil exchange will compete with a slew of other firms trying to tap this market such as Bitso, Ripio, Volabit, Panda Exchange, Bitex, and Cryptobuyer. Founded in 2013 by Shihara and with over $39 million in daily cryptocurrency trade volume, Bittrex thinks it can make a dent in these areas. Moreover, while citizens from the Caribbean and Latin America will be Cryptofacil’s first venture, the platform may expand to other areas as well, details Bittrex.
What do you think about Bittrex expanding into the Caribbean and Latin America region with an exchange called Cryptofacil? Let us know your thoughts on this subject in the comment section below.
Images via Shutterstock, Bittrex, and Cryptofacil.
At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.
The post Bittrex to Launch Caribbean and Latin American Crypto Exchange appeared first on Bitcoin News.
Bittrex to Launch Caribbean and Latin American Crypto Exchange published first on https://medium.com/@smartoptions
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Bittrex to Launch Caribbean and Latin American Crypto Exchange
The US-based exchange Bittrex has announced a partnership with Cryptofacil, a new cryptocurrency trading platform designed to accommodate citizens in Latin America and the Caribbean. The company explains the new exchange will be powered by Bittrex and offer customers in those regions accessibility to over 200 digital assets.
Also read: Proof-of-Stake is a Rebranded Version of the Old Financial System
US Exchange Bittrex Is Launching a New Exchange That Tends to Latin American and Caribbean Citizens
The North American cryptocurrency trading platform Bittrex is expanding its operations by entering a new partnership with a financial tech company called Cryptofacil. Bittrex has detailed it will be launching an exchange with Cryptofacil that will allow Latin American and Caribbean residents the ability to trade over 200 cryptocurrencies. At the moment the companies are offering a pre-registration period for interested traders. Cryptofacil’s co-founder, Andres Szafran, says the team plans to leverage the Bittrex trading platform’s experience and token review process.
“We developed Cryptofacil to focus on basic customer requirements: a simple and easy to use cryptocurrency platform with superior customer support and value-added services in a safe and secure environment,” explains Szafran. “Our goal is to become the crypto exchange of record and the most reputable platform in Latin America and the Caribbean.”
A Focus on Driving Worldwide Cryptocurrency Adoption
Bittrex CEO Bill Shihara says the Cryptofacil team based in Uruguay has a deep knowledge of the Latin American and Caribbean markets. The partnership provides Bittrex with the opportunity to offer these residents access to a broad selection of cryptocurrency assets and the company’s reputation will help bolster the goal. The partnership with Cryptofacil “will further drive worldwide adoption,” Shihara detailed during the announcement.
Shihara emphasized:
As we continue expanding our global footprint, it is partnerships like this one that will serve to not only support the blockchain industry, but also to incubate innovative projects using this revolutionary technology.
In Latin America and the Caribbean, much of the population is unbanked and estimates believe over 400 million people do not have access to basic financial services. The new Cryptofacil exchange will compete with a slew of other firms trying to tap this market such as Bitso, Ripio, Volabit, Panda Exchange, Bitex, and Cryptobuyer. Founded in 2013 by Shihara and with over $39 million in daily cryptocurrency trade volume, Bittrex thinks it can make a dent in these areas. Moreover, while citizens from the Caribbean and Latin America will be Cryptofacil’s first venture, the platform may expand to other areas as well, details Bittrex.
What do you think about Bittrex expanding into the Caribbean and Latin America region with an exchange called Cryptofacil? Let us know your thoughts on this subject in the comment section below.
Images via Shutterstock, Bittrex, and Cryptofacil.
At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.
The post Bittrex to Launch Caribbean and Latin American Crypto Exchange appeared first on Bitcoin News.
READ MORE http://bit.ly/2wRqD0x
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Binance Bitcoin Futures Debuts with $170M Trading
Binance has launched a new futures platform, where speculators can bet on bitcoin price going down or up, after announcing it earlier this year. And service is already witnessing trading volumes worth hundreds of millions of dollars.
Looks like a strong start for Binance futures – $170mln trading in last 24h with max leverage 20x pic.twitter.com/qlkt8XE4vS
— skew (@skew_markets) September 13, 2019
Data analytics firm Skew tweeted a 24-hour trade report of bitcoin futures, showing Binance processing about $170 million worth of trades on the day of its debut. The figures almost matched the volumes recorded following Binance Futures beta launch. The Malta exchange noticed about $150 million worth of futures transactions across the two test phases, which prompted it to go full-fledged on Friday, with a special gift attached.
“In order to show our appreciation for your continued support towards Binance Futures, all users will receive a 50% discount on trading fees when trading on Binance Futures for the first 3 months after the go-live date,” said Binance in its blog post published Thursday.
The exchange further stated that users that participated in the Battle for Binance Futures competition and voted for Futures A would enjoy a further discount. It would equate to a total 75 percent trading fee discount on Binance Futures for a month from 2019/09/16 00:00 AM to 2019/10/15 23:59 PM.
Fees on the Binance Futures will be paid in BNB, a native utility token on Binance exchange. The team announced that it would burn 20 percent of the income it makes from its Futures platform as a part of an existing practice. The quarterly move would take a portion of BNB tokens out of supply. That means, assuming Binance Futures would make profits, Binance will now burn more of its native asset.
Binance Coin (BNB) surges more than 2 percent against bitcoin | Image credits: TradingView.com
The Season of Bitcoin Futures
Binance’s multi-million dollar debut outperformed two existing bitcoin futures services: CryptoFacilities and BitFinex. Nevertheless, it got beaten by other, broadly-accessed exchanges, including Deribit, CoinFlex, BitFlyer, and especially BitMEX, a bitcoin derivative giant that processed about $2.52 billion in futures trading volume.
Last 24 hours trade volume across Bitcoin Futures platforms | Image credits: Skew
Nevertheless, the existing market players are gearing up for stiff competition by Bakkt. The digital assets platform, backed by the Intercontinental Exchange, is launching two regulated physically-settled bitcoin futures contracts on September 23. The move, as many expect, would make it easier for institutional investors to speculate on bitcoin prices.
But unlike exchanges in the cryptocurrency space, Bakkt will not offer margin trading, a feature which allows traders to borrow money when making trades. BitMEX, for now, provides the highest margins on its derivatives contracts – up to 100x. At the same time, Binance offers up 20x margins, making it a least attractive alternative to traders with a higher appetite for risks.
Looking at the UK's latest white paper, they are very likely to make margin oveer 3x illegal.
Europe may follow.
So it's going to be interesting to see BitMEX volume play out and other exchange cull those features for major markets.
Impact on price?
— CryptoArbitrage (@CrytoArbitrage) September 13, 2019
The post Binance Bitcoin Futures Debuts with $170M Trading appeared first on NewsBTC.
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Binance Bitcoin Futures Debuts with $170M Trading
Binance has launched a new futures platform, where speculators can bet on bitcoin price going down or up, after announcing it earlier this year. And service is already witnessing trading volumes worth hundreds of millions of dollars.
Looks like a strong start for Binance futures – $170mln trading in last 24h with max leverage 20x pic.twitter.com/qlkt8XE4vS
— skew (@skew_markets) September 13, 2019
Data analytics firm Skew tweeted a 24-hour trade report of bitcoin futures, showing Binance processing about $170 million worth of trades on the day of its debut. The figures almost matched the volumes recorded following Binance Futures beta launch. The Malta exchange noticed about $150 million worth of futures transactions across the two test phases, which prompted it to go full-fledged on Friday, with a special gift attached.
“In order to show our appreciation for your continued support towards Binance Futures, all users will receive a 50% discount on trading fees when trading on Binance Futures for the first 3 months after the go-live date,” said Binance in its blog post published Thursday.
The exchange further stated that users that participated in the Battle for Binance Futures competition and voted for Futures A would enjoy a further discount. It would equate to a total 75 percent trading fee discount on Binance Futures for a month from 2019/09/16 00:00 AM to 2019/10/15 23:59 PM.
Fees on the Binance Futures will be paid in BNB, a native utility token on Binance exchange. The team announced that it would burn 20 percent of the income it makes from its Futures platform as a part of an existing practice. The quarterly move would take a portion of BNB tokens out of supply. That means, assuming Binance Futures would make profits, Binance will now burn more of its native asset.
Binance Coin (BNB) surges more than 2 percent against bitcoin | Image credits: TradingView.com
The Season of Bitcoin Futures
Binance’s multi-million dollar debut outperformed two existing bitcoin futures services: CryptoFacilities and BitFinex. Nevertheless, it got beaten by other, broadly-accessed exchanges, including Deribit, CoinFlex, BitFlyer, and especially BitMEX, a bitcoin derivative giant that processed about $2.52 billion in futures trading volume.
Last 24 hours trade volume across Bitcoin Futures platforms | Image credits: Skew
Nevertheless, the existing market players are gearing up for stiff competition by Bakkt. The digital assets platform, backed by the Intercontinental Exchange, is launching two regulated physically-settled bitcoin futures contracts on September 23. The move, as many expect, would make it easier for institutional investors to speculate on bitcoin prices.
But unlike exchanges in the cryptocurrency space, Bakkt will not offer margin trading, a feature which allows traders to borrow money when making trades. BitMEX, for now, provides the highest margins on its derivatives contracts – up to 100x. At the same time, Binance offers up 20x margins, making it a least attractive alternative to traders with a higher appetite for risks.
Looking at the UK's latest white paper, they are very likely to make margin oveer 3x illegal.
Europe may follow.
So it's going to be interesting to see BitMEX volume play out and other exchange cull those features for major markets.
Impact on price?
— CryptoArbitrage (@CrytoArbitrage) September 13, 2019
The post Binance Bitcoin Futures Debuts with $170M Trading appeared first on NewsBTC.
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